That's why we're introducing the First-Generation Homebuyer Program, a mortgage designed to break the cycle and empower first-time buyers.
This unique program is a deferred, interest-free, and forgivable loan that provides up to $35,000 for down payment and closing costs.
You may qualify as a first-generation homebuyer if you meet one of these criteria:
· Neither you nor your parents or legal guardians have ever owned a home.
· Your parents or legal guardians once owned a home but lost it to foreclosure.
Unsure about your parents' ownership history? You may still be eligible.
* Must be combined with a Minnesota Housing Start Up first mortgage. Available only in the state of Minnesota.